When I was first approached regarding an insurance program for CSIA membership, the principle reason given was “The insurance Industry does not understand our business. They confuse the risks associated with manufacturing pharmaceuticals with those associated with control system integration.”
As our program has developed, we have been able to craft policies that meet the specific needs of the controls industry. If you do not understand an industry, how can you meet the specific insurance needs for that industry?
No part of our program demonstrates how far we have come in this regard than our general and professional errors and omissions liability policy. Some of the features are:
- Uniquely for CSIA members, the policy can be endorsed to include specific ISO forms and further, to provide whichever coverage is broader – the Tech or ISO form. Larger corporations are increasingly requiring this when working with integrators.
- No contractual liability exclusion/breach of contract is specifically included.
- Payment of withheld fees is included.
- Cyber liability is included.
- Intellectual property rights infringement is included.
- Increased general liability limit is $6,000,000 per location per project.
- Pollution liability is included.
- Non-owned and hired automobile liability.
- One single policy for general and professional errors and omissions liability prevents disputes/gaps in coverage between different insurance carriers.
This broad coverage is only available to qualified CSIA members via CSIA insurance agents First Niagara Risk Management.
If you do not currently utilize CSIA’s insurance program to protect your assets and potential liabilities, you should consider taking a look at this highly competitive alternative. Around the world, 91 members now obtain their insurance coverage via our program.
For further information, please contact me, Paul Barnard, CSIA Insurance Program Manager at paulbarnard@csia-insurance.com or (610) 507-6595.